Genuine Parts Company Declares Regular Quarterly Dividend

Rhea-AI Summary

Genuine Parts Company (NYSE: GPC) has declared a quarterly cash dividend of $0.895 per share on its common stock. This dividend is set to be paid on July 1, 2022, to shareholders of record as of June 3, 2022. Established in 1928, Genuine Parts Company specializes in the distribution of automotive and industrial replacement parts across multiple countries, including the U.S., Canada, and Europe. With over 10,000 locations in 17 countries and approximately 53,000 employees, the company is a significant player in its industry.

Positive

• Quarterly cash dividend of $0.895 per share enhances shareholder income.
• Dividend payment date of July 1, 2022, reflects company confidence in financial stability.

Negative

• None.

ATLANTA, April 28, 2022 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC) announced today its Board of Directors declared a regular quarterly cash dividend of eighty-nine and one-half cents ($0.895) per share on the Company's common stock.

The dividend is payable July 1, 2022 to shareholders of record June 3, 2022.

About Genuine Parts Company

Founded in 1928, Genuine Parts Company is a global service organization engaged in the distribution of automotive and industrial replacement parts. The Company's Automotive Parts Group distributes automotive replacement parts in the U.S., Canada, Mexico, Australasia, France, the U.K., Ireland, Germany, Poland, the Netherlands, Belgium, Spain and Portugal. The Company's Industrial Parts Group distributes industrial replacement parts in the U.S., Canada, Mexico and Australasia. In total, the Company serves its global customers from an extensive network of more than 10,000 locations in 17 countries and has approximately 53,000 employees. Further information is available at www.genpt.com.

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SOURCE Genuine Parts Company

FAQ

What is the dividend amount declared by Genuine Parts Company?

Genuine Parts Company has declared a quarterly cash dividend of $0.895 per share.

When will the dividend be paid to shareholders?

The dividend will be payable on July 1, 2022, to shareholders of record as of June 3, 2022.

How often does Genuine Parts Company declare dividends?

Genuine Parts Company declares dividends on a quarterly basis.

Is the dividend declared by GPC sustainable?

While the sustainability of dividends depends on the company's earnings and cash flow, the declaration of a consistent dividend suggests financial stability.